Growing confidence in the safety of China-owned ships is encouraging some shipowners to undertake Red Sea voyages and others to expand on existing services 

Attacks on shipping have been going long enough for owners and charterers to know what they are getting into

The diplomat who led the UN mission to salvage the FSO Safer and prevent a catastrophic Red Sea oil spill has a grim outlook for the Houthi threat to shipping

Moral culpability for this casualty rests with the damn fools crazy enough deliberately to set a suezmax on fire. But television audiences might not have seen things like that

The warning comes after a period of intense activity in the Red Sea in the past month, which has seen several vessels attacked and crude tanker Sounion left abandoned off Yemen

It would be reasonable to expect transits through the Bab el Mandeb to continue to fall given the threat posed by the Houthis remains largely unchanged, but risk appetite is dynamic, and there is likely an element of risk normalisation that is making Red Sea voyages less daunting — and even appealing — for some

UKMTO reported there were no casualties on the tanker Blue Lagoon I and it was still en route to its next port of call

European Naval Force’s Operation Aspides said it had been protecting tugs involved in the salvage of the stricken tanker, which is carrying 150,000 tonnes of Iraqi crude, since Sunday

The European Naval Force’s Operation Aspides says its vessels will be supporting the operation to tow the tanker, which is carrying 150,000 tonnes of Iraqi crude

As the vessel Sounion continues to burn in the Red Sea, the Iran-backed rebel group has hit another tanker

Rebounding oil demand will help this year, but new ships and a (possible) return to shorter routes will boost supply next year, according to BIMCO’s latest tanker outlook

A Houthi spokesperson said the militants will allow salvors to tow the Greek oil tanker Sounion, which has been burning since the militants set fire to it on August 23